CUNA announced a new free member benefit webinar, COVID-19 and Credit Reporting. This one-hour webinar, happening July 23, explains new creditor requirements for credit reporting under the CARES Act amendments to the Fair Credit Reporting Act.

A coalition of Oregon credit unions is working to distribute relief grants ranging from $2,500 to $12,500 to small businesses under 25 employees, after the state legislature and Gov. Kate Brown set aside funds and asked CDFIs to process applications and distribute grants.

CUNA announced Monday the appointment of Samira Salem, Ph.D to the newly created position of Vice President for Diversity, Equity and Inclusion, where she will lead progress for achieving internal DEI goals and drive DEI metrics and data-driven insights.

Seventeen regional credit unions and partners jointly raised more than $220,000 to purchase and donate 30,000 Personal Protective Equipment medical gowns to healthcare facilities throughout Pennsylvania, New Jersey and Delaware, which were distributed by each credit union to dozens of local healthcare facilities.

As communities across the country grapple with the health and economic effects of the COVID-19 pandemic, CUNA President/CEO Jim Nussle issued a statement asking all credit unions to encourage all able members to wear a mask when inside a credit union.

The National Credit Union Foundation has extended the deadline to apply for its 2020 Grant Cycle to July 29. The grants feature two opportunities credit unions can apply for related to financial health and well-being.

Staying true to the earliest beginnings, Suncoast CU has been focused on helping small businesses survive and thrive during the COVID-19 pandemic. Through June 30, Suncoast funded more than 1,900 loans under the Paycheck Protection Program totaling $49.5 million. 

State credit union league collaboration benefits the credit union system every day, writes AACUL Executive Director Brad Miller in CUInsight Wednesday. Highlighting cooperating as a cornerstone of the movement, Miller says the benefits behind-the-scenes collaboration can be seen in a myriad of ways.

During this year’s National Youth Savings Challenge™, young credit union members performed “Money Magic” by depositing $2,805,990.22 into their savings accounts and CDs. This year, 12,103 youth, representing 100 credit unions deposited an average of $231.84 per child.

Following the regulatory enhancements provided by the CARES Act and changes to NCUA's regulations, the Central Liquidity Facility experienced a significant increase in its membership and borrowing capacity. New memberships have added $945.8 million in additional subscribed capital stock to the facility.